|Japan Credit Rating Agency, Ltd. (JCR)||BBB+||Publication date: September 6, 2018|
|Rating and Investment Information, Inc. (R&I)||BBB+||Publication date: September 13, 2018|
(As of April 1, 2019)
(※ This table scroll horizontally)
|Company||Bond Name||Date of Issue||Maturity||Balance, fiscal year-start
(millions of yen)
|Balance, fiscal year-end
(million of yen)
|Daio Paper Corporation||Euroyen-Denominated Zero Coupon Convertible Bonds||September 17, 2015||September 17, 2020||23,745||※１ 23,721||0.000|
|〃||Unsecured Straight Bond No. 18||March 22, 2017||March 22, 2022||15,000||15,000||0.420|
|〃||Unsecured Straight Bond No. 19||December 14, 2017||December 14, 2022||15,000||15,000||0.420|
|〃||Unsecured Straight Bond No. 20||December 14, 2017||December 13, 2024||10,000||10,000||0.600|
|〃||Unsecured Straight Bond No. 21
|October 25, 2018||October 24, 2025||15,000||15,000||0.605|
|〃||Unsecured Straight Bond No. 22
|October 25, 2018||October 25, 2028||5,000||5,000||0.864|
|Consolidated subsidiaries||Subsidiary Private Placement Straight Bond||March 27, 2017||March 27, 2022||300||300||0.490|
※1 Estimated balance based on stock conversion status as of the end of March 2019
Daio Paper announces that it issued green bonds (Bond No. 21, Bond No.22) on October 25, 2018. The issuance of these green bonds is the first such issuance in the domestic papermaking and daily necessities industries.
The expenses required for the acquisition of external review for this green bond issuance is eligible for subsidies under Japanese Ministry of the Environment’s FY2018 Financial Support Programme for Green Bond Issuance.
What is Green Bond?
Green bonds are bonds that align to the Green Bond Principles set by the International Capital Market Association (ICMA), and refer to bonds that companies, municipalities and other organizations issue to procure funds exclusively for projects aimed at solving environmental problems (“Green Projects”).
Outline of this issuance
|Term||7 years and 10 years|
|Amount of Issuance||¥20.0 billion (¥15.0 billion for 7-year, ¥5.0 billion for 10-year)|
|Date of Issuance||October 25, 2018|
|Use of Proceeds (Green Projects)||Facility for the effective use of hard-to-recycle recovered paper, and biomass power plant (boiler)|
|Lead Managers||Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,
Daiwa Securities Co. Ltd.
|Green Bond Structuring Agent ※2||Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.|
|External Review of Eligibility (Second Party Opinion)||DNV GL Business Assurance Japan K.K.|
※2 Those who provide support for the issuance of green bonds, such as providing advices for establishing green bond framework and the acquisition of second party opinion.